Removal from the West Bromwich Mortgage Company and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the West Bromwich Mortgage Company convincing panel
- Breaches of West Bromwich Mortgage Company conveyancing panel Terms and Conditions
- West Bromwich Mortgage Company may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Significant non-compliance with post completion requirements on behalf of West Bromwich Mortgage Company
- Non-compliance with the West Bromwich Mortgage Company panel terms, the written instructions that West Bromwich Mortgage Company provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which West Bromwich Mortgage Company may subsequently adopt.
Top questions concerning West Bromwich Mortgage Company panel reinstatement
- Do any avenues remain open if our reinstatement panel submission with West Bromwich Mortgage Company is refused?
- Can we act for West Bromwich Mortgage Company while the application for reinstatement on the West Bromwich Mortgage Company panel is being reviewed? How do I know if our reinstatement application to the West Bromwich Mortgage Company panel is approved?
- Is there a fee to be reinstated onto the West Bromwich Mortgage Company conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the West Bromwich Mortgage Company panel ?
- What are the next steps open to me if our West Bromwich Mortgage Company panel reinstatement application is rejected and the client of the firm has a mortgage offer with the West Bromwich Mortgage Company?
Top Tip: The best way to avoid the hassle of seeking West Bromwich Mortgage Company panel reinstatement is to ensure that your firm is not removed off of the West Bromwich Mortgage Company conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the West Bromwich Mortgage Company conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to West Bromwich Mortgage Company directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the West Bromwich Mortgage Company conveyancing panel.